finally, fedex, rbc, cutting their target on fedex from 100 to 87 saying more and more customers are opting for the cheaper product, not priority but deferred delivery. and that is hurting the stock. that does it for us on "squawk on the street." let's go to michelle and "the face money halftime report." thank you, carl. welcome to "the halftime report." four hours until the close. the dow and s&p lower by roughly.40%. the s&p lower by 6.5%. the nasdaq doubled the decline in terms of percentages, down .8%. apple's getting cored. $400 in the rear-view mirror. where can the apple bulls find bottom? we'll trade the fallout in what was america's most loved stock. chipotle, is it overcooked?

two traders will debate it ahead of the earnings out tonight. first, the top story, google ibm and microsoft, a tech trifecta, perhaps the entire earning season lies with these three companies tonight are. they going to deliver? our traders, stephanie, mike, john, jerry and josh are here to debate. first, john has a preview. >> no pressure. there are a few things making me skiddish about this afternoon's report. particularly on the revenue side, we'll take microsoft first. the overall pc market took a dive down 14% in the first quarter. that won't help microsoft revenue. investors need the business division and server and tools division to have solid performances, but intel said data business rose 7.5%, less than some hoped. and oracle missed their revenue, it is worth questioning whether business spending is actually holding up. google analysts expect the core business revenues to hold up

well, but a lot of questions about the impact of motorola where phone sales have been mediocre. we expect revenue of $1.6 billion. nokia sold about 6 million lumias. that's an interesting comparison to make. the ongoing question is how cost per click declines balance out with paid click growth over there. then ibm has software sales the key to profitability. the services citings numbers n the past they have forgiven revenue misses because they are all about earnings growth, but this is where the tepid environment could be key, guys. >> thank you for that preview, you laid out a key day. john and jerry, what are you paying attention to most in those. >> google is the one to really move the needle. last week heather downgraded microsoft, the stock moved about a dollar on that downgrade. then it just stopped, michelle, literally hit a wall at about that 28.75 level and stopped

going down. it was just over 30 from prior to that. so google's the one i think that could be a much bigger mover. that's going to be much more of a tell -- >> all right. we are actually going to go now to south boston. the interfaith service called "healing our city." president obama speaking at the cathedral of the holy cross in boston's south end as the city and the entire nation tries to heal from the horrific events of monday. let's listen to the president. >> hello, boston. scripture tells us to run with endurance the race that is set before us. run with endurance the race that is set before us.

on monday morning the sun rose over boston. the sunlight glistened off the statehouse dome. and the common and the public garden, spring was in bloom. on this patriots day, like so many before, fans jumped onto the tee to see the sox at fenway. in hopkinton, runners laced up their shoes and set out on a 26.2-mile test of dedication and grit and the human spirit. and across this city, hundreds of thousands bostonians lined the streets to hand the runners cups of water and to cheer them

on. it was a beautiful day to be in boston. a day that explains why a poet once wrote that this town is not just a capital, not just a place, boston, he said, is the perfect state of grace. [ applause ] >> and then, in an instant, the day's beauty was shattered. a celebration became a tragedy. and so we come together to pray and mourn and measure our loss, but we also come together today

to reclaim that state of grace. to reaffirm that the spirit of this city is undaunted. and the spirit of this country shall remain undibbed. to governor patrick, mayor manino, cardinal o'malley and all the faith leaders here, governors romney, swift, dukakis, members of congress and to all the families of the members in boston who have lost a piece of your heart, we thank you for your leadership. we thank you for your courage. we thank you for your grace. i'm here today on behalf of the american people with a simple

message. every one of us has been touched by this attack on your beloved city. every one of us stands with you. because, after all, it's our beloved city, too. boston may be your hometown, but we claim it, too. it's one of america's iconic cities. it's one of the world's great cities. and one of the reasons the world knows boston so well is that boston opens its heart to the world. over successive generations, you have welcomed again and again new arrivals to our shores. immigrants who constantly reinvigorated this city and this

commonwealth and our nation. every fall you welcome students from all across america and all across the globe, and every spring you graduate them back into the world of boston, they excel in every human endeavor. year after year you welcome the greatest talents in the arts and science, research, you welcome them to your concert halls and your hospitals and your laboratories to exchange ideas and insights that draw this world together. and every third monday in april you welcome people from all around the world to the hub for

friendship and fellowship and healthy competition. a gathering of men and women of every race and every religion, every shape and every size, a multitude represented by all those flags that flew over the finish line. so whether folks come here to boston for just a day or they stay here for years, they leave with a piece of this town tucked firmly into their hearts. so boston's your hometown, but we claim it a little bit, too. i know this -- i know this

because there's a piece of boston in me. you welcomed me as a young law student across the river. welcomed michelle, too. you welcomed me -- you welcomed me during a convention when i was still a state senator and very few people could pronounce my name right. like you, michelle and i have walked these streets. like you, we know these neighborhoods. and like you, in this moment of grief, we join you in saying, boston, you're my home. for millions of us what happened on monday is personal.

it's personal. today our prayers are with the campbell family of medford. and they are here today. their daughter, krystle, was always smiling. those who knew her said that with her red hair and her freckles and her ever eager willingness to speak her mind, she was beautiful, sometimes she could be a little noisy, and everybody loved her for it. she would have turned 30 next month. as her mother said through her tears, this doesn't make any sense. our prayers are with the lew family of china who sent their

daughter to bu to experience all that this city has to offer. she was a 23-year-old student far from home, and her friends and family across the ocean are reminded of the great humanity that we all share. our prayers are with the richard family of dorchester. to denise and the young daughter jane as they fight to recover. and our hearts are broken for 8-year-old martin with his big smile and bright eyes. his last hours were as perfect as an 8-year-old boy could hope for with his family eating ice cream at a sporting event.

and we're left with two enduring images of this little boy forever smiling for his beloved bruins and forever expressing a wish he made on a blue posterboard. no more hurting people. peace. no more hurting people. peace. our prayers are with the injured, so many wounded. some gravely. from their beds, some are surely watching us gather here today. and if you are, know this, as you begin this long journey of recovery, your city is with you, your commonwealth is with you, your country is with you, we will all be with you as you learn to stand and walk and,

yes, run again, of that i have no doubt you will run again. you will run again. because that's what the people of boston are made of. your resolve is the greatest rebuke to whoever committed this heinous act. if they sought to intimidate us, to terrorize us, to shake us from those values that devolved a scribe, the values of who make us who we are as americans, well, it should be pretty clear by now that they picked the wrong city to do it.

not here in boston. not here in boston. [ applause ] >> you have shown us, boston, that in the face of evil americans will lift up what's good. in the face of cruelty, we will choose compassion. in the face of those who would visit death upon innocence, we will choose to save and to

comfort and to heal. we will choose friendship. we'll choose love. this scripture teaches us, god has not given us a spirit of fear and timidity, but of power, love and self-discipline. and that's the spirit you've displayed in recent days. when doctors and nurses, police and firefighters and emts and guardsmen run towards explosions to treat the wounded, that's discipline. when exhausted runners, including our troops and veterans who never expected to

see such carnage on the streets back home become first responders themselves tending to the injured, that's real power. when bostonians carry victims in their arms, deliver water and blankets, line up to give blood, open their homes to total strangers, give them rides back to reunite with their families, that's love. that's the message we send to those who carry this out and anyone who would do harm to our people. yes, we will find you. and yes, you will face justice.

we will find you, we will hold you accountable, but more than that, our fidelity to our way of life, to our free and open society, will only grow stronger. for god has not given us the spirit of fear and timidity but one of power and love and self-discipline. like bill effrey, 78 years old, the runner in the orange tank top who we all saw got knocked down by the blast, we may be momentarily knocked off our feet, but we'll pick ourselves up. we'll keep going. we will finish the race.

in the words of dick hoyt who pushed his disabled son rick in 31 boston marathons, we can't let something like this stop us! this doesn't stop us! and that's what you've taught us, boston. that's what you've reminded us. to push on. to percent severe. to not grow weary. to not get faint, even when it hurts, even when our heartaches, we summon the strength that maybe we didn't even know

have and we carry on, we finish the race. we finish the race. and we do that because of who we are. and we do that because we know that somewhere around the bend a stranger has a cup of water, around the bend somebody's there to boost our spirits. on that toughest mile, just when we think that we've hit a wall, someone will be there to cheer us on and pick us up if we fall. we know that. that's why the perpetrators of such senseless violence, these small stunted individuals who

would destroy instead of build and think somehow that makes them important, that's what they don't understand. our faith in each other, our love for each other, our love for country, our common creed that cuts across whatever superficial differences there may be, that is our power. that's our strength. that's why a bomb can't beat us. that's why we don't hunker down. that's why we don't cower in fear. we carry on. we race. we strive. we build and we work and we love and we raise our kids to do the same. and we come together to celebrate life and to walk our cities and to cheer for our teams when the sox and celtics

and patriots or bruins are champions again to the chagrin of new york and chicago fans, the crowds will gather and watch a parade go down boyleston street. and this time next year on the third monday in april, the world will return to this great american city to run harder than ever and to cheer even louder for that 118th boston marathon! bet on it! [ applause ]

>> tomorrow the sun will rise over boston. tomorrow the sun will rise over this country that we love. this special place, this state of grace. scripture tells us to run with endurance the race that is set before us. as we do, may god hold close those who have been taken from us too soon. may he comfort their families. and may he continue to watch over these united states of america. >> you have been watching president obama at the interfaith service in honor of the boston marathon victims. an emotional speech that at one

point brought the audience to its feet, at one point telling the crowd that our fidelity to our way of life, to a free and open society, will only grow stronger. after this interfaith service, the president and first lady will meet with the first victims and responders. and as the nation tries to heal, there's the spontaneous process of trying to figure out who committed this heinous act. scott? >> the speech as you said was emotional and also a bit of a pep talk and likening it to a marathon, when we hit a wall there will be somebody there to cheer us on, to pick us up. there will be somebody around the next bend with a coup of water, calling on boston to reclaim its grace. it was all about healing our city, the title of the service. and even as that was going on down boyleston street here, we could see the police officers, the detectives, the investigators at work.

there are people who were working the marathon that turned into first responders and have been working almost nonstop ever since. and they are continuing to gather evidence to try to find out who was responsible, the people that the president said, would be held accountable for what happened. what we know about the evidence that's been gathered thus far is that authorities do have video of two individuals whom they want to question, but homeland security secretary janet napolitano speaking on capitol hill just before this service started at a hearing about the homeland security budget said this is not an ncis episode. they are urging some patience, but we expect that later this afternoon we will get potentially some pictures of these people that the authorities want to see. they say they have not been released despite reports elsewhere. and again appealing to the public for help to come together, to come together in the way the president was talking about and all the speakers before him in, as we

have described it, an interfaith service featuring clergy of all faiths as well as the governor of massachusetts, deval patrick and the mayor manino who was not at the marathon on monday and has been working nonstop to help the city reclaim its grace. michelle? >> yes, everybody is desperately trying to come together. scott, thank you so much. we'll head to break, more "halftime report" right after this. ♪ investm ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market.

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welcome back to "the halftime report." we are back to the tech trifecta reporting tonight, google, ibm and microsoft all after the bell. earnings season riding on these three stocks. paul hickey was on air last week and said one of these companies n particular, is the one to watch. >> we found which one was the most high liquor lated to how earnings season played out five weeks after the stock reported. and ibm is the highest in the s&p 500.

the key is to watch how big blue reacts. if there's a positive reaction, that's a positive sign for the market. >> dr. j., is that the stock to watch? >> when we talked microsoft and zboogle, i said google. now i will agree to say ibm is the stock, not for tech but for the s&p 500. >> why do you differentiate it that way? >> because it is so much dividend pay or dow stock not into nasdaq, but let me say this about ibm, there's not much to get excited. it's a 0% revenue growth rate. they have been missing on the top line. >> you don't pay for this company for revenue, though. you never have. it's a double-digit earnings grower because they have other things. 50% of their business occur in revenue. they are buying back a lot of stock and cutting costs. and they are in the process of shifting from this commodity hardware business, pcs into software services, security, big data. >> right, but here's my point. i don't think this is a good --

i don't dislike the stock, i don't think it's a great bellweather for what tech is doing at this junction. >> they almost match identityicly. >> i'm saying on the earnings report. all i'm going to give you is ibm. you can't say ibm has a huge correlation with a lot of the market. it is so global and more global than any other company. the thing i would say on average is it beats earnings by 2% and on average a week later it is 20%. >> but it's a global company. that's global company with 30% of its revenues here, abroad and in asia pacific. >> what's good for ibm is good for ibm is all i would say. >> this is a good read from a global perspective and on enterprise. >> if i had to buy one into the earnings report, it would be microsoft. the negative news is there after heather ballini downgraded the stock last week. microsoft, i think, has the most upside of these names going into the earnings report. >> anybody else on microsoft? >> i dislike microsoft in the

earnings. it could have a nice pop, but typically the pops don't last with this stock. and given what we heard out of intel about the current pc atmosphere, i just can't see microsoft having a huge upside surprise. >> at least they are willing to use their cash, okay? >> are any of these three that you're playing right now today ahead of the numbers? >> we own ibm and made nice money in ibm. we trimmed it a couple weeks ago. i would love to buy it back at $200. that's the one i like. i wouldn't get back with microsoft. google, wait for a pullback. that stock is volatile and i'm waiting to see the metrics like costs improve and a lot of their operating leverage. >> google has pulled back from $840 to $768. it's a pretty decent sized pullback, number one. number two, it's sitting right at the longer term trend line. if it's going to bounce, it would bounce here. i agree with stephanie, i think this is an important quarter for

google to allow our fears that the advertising component so important for google, not so much the funny stuff -- >> you're not waiting for the self-driving car? >> five years from now that may show up in earnings. stephanie is right, google is kind of a show-me. that being said, i hope they kill it tomorrow because i would buy it. >> paper click or the amount per click for ya he was down 7%. if that's a read-through for google, that's a two, that's a seven, that's a six. so that's 7% drop over yahoo! with bing, with the guys at microsoft. so if that plays through with google, that's not a good sign. then you get to buy it a lot cheaper like these guys have both said. >> and josh eluded to intel's quarter, we all know the pc segment is going down and about to be history, but you look at that quarter, stock is up a little bit from the quarter. looking at the quarter, it sets up for an interesting back half of the year. you can get a similar

announcement from microsoft where owning it in the $28 to $29 range will pay off for the rest of the year. let's go to josh. >> i'm not josh. >> they told me josh was going to be here, kayla. >> we are watching apple, a familiar name on this show, getting hit this week, not just today. a flurry of analyst downgrades and negative press about impending mac orders. there was a jpmorgan note out extremely positive. jpmorgan saying the company could use cash to lever up, buy back some shares. and he believes that estimate growth will be double-digited this year and the pullback has been exaggerated, not enough to inspire the bulls, down 2% apple to 395. jpmorgan is reiterating its target of $725. $395, jpmorgan thinks it has a ways to go. >> we talked about that yesterday on "the halftime report." what do you make of this idea, they don't want to pay taxes on

this money, so instead they have so much cash, they borrow money to pay a bigger dividend or do a buyback? >> i'm not a huge fan of self-side analyst talking big picture strategy to the manager of apple. i was not a huge fan of it when the hedge funds did it and not a fan now. it is nice jpmorgan thinks the stock is worth $700, but they are about upside down into this stock going into here. so it is very tough to get excited based on the call. the only thing you can get excited about here is that it's getting more hated. and i think as long as that continues, that will set up at a certain point for this thing just being way too despised, but we are probably not there yet. >> one thing, whatever apple is going to do with their cash, they are going to do something. it won't be what a hedge fund manager or a sell-side analyst -- >> it will be whatever they want. >> i feel pretty confident in saying they already have a plan in place that they're looking to implement, we just haven't heard ant it yet. >> if they don't listen to

einhorn, which they didn't, in one ear, out the other, if they don't listen to jpmorgan here, why wouldn't they listen to warren buffett who told them this a decade ago when steven jobs went to him? so they are not going to do this, but that's not to say that it wouldn't be a good idea. and the stock would run the cases off if it didn't. >> at the end of the day, the problem is still there. very little earnings here, $46 here, $49 to $50 next year. still one of the largest market caps in the world. and it's still a little overowned as stephanie mentioned during the break. i agree with her. those problems don't go away even if they up the dividend. and there's a lot of resistance on the way up. there are willing sellers at every major level. >> i can't own a stock just because of the cash distribution potential. we can say that about a lot of stocks, particularly technology. >> what price do you get interested? >> we were all talking offline that, what does it hurt to have the company report and if it goes up $10, $15, what would it

hurt to buy it at that point once you have an understanding where margins are? what the product cycle is going to look like? what the company's goal is for their cash distribution. >> the guy said $375 was an entry point. >> if you like it at $375 start buying it at $395. >> that's the wrong conversation. the right conversation is what news do you want to hear. i would rather pay up for it, if apple comes out in the middle of the quarter and guy is higher, i'll pay higher. >> if $50 is the earnings for next year, you put a ten multiple on it, you're at $500 next year. the stock won't go much lower. if you believe in that $50 number, right near the $395 range you have to say, ten times is the bottom line. >> i think we can talk apple all show every day, day over day, however, the major indexes are on track to the biggest weekly drop of the year. are the recent declines a sign that the rally has run its course? joining us is geena martin adams at wells fargo. good to have you on.

so, answer the question, what do you think? >> thank you, michelle. good to be here. thanks for having me. i think there's no reason to really chase stocks here. we've been relatively cautious on the market all year because of the fundamental case this quiet week. earnings have consistently been negative. in terms of the technicals, the price has continued to move higher without support from momentum, the commodity complex, the fixed income markets, pretty much a whole slew of indicators have turned over suggesting that price trend is now at risk. we are cautious to the extent you want to be invested. we are still gearing toward health care, consumer staples and utilities and definitely avoiding most of the cyclical exposure in the index. >> super defensive. >> hey, gina, josh brown. do you believe those sectors are defensive given the fact they have never been more expensive based on almost every met rick, specifically earnings? can we truthlythe call utilities a safe sector given the premium they're trading at above the s&p 500, for example? >> yeah, i think you can.

health care is a perfect example. health care actually is still trading at a secular low or near a secular low relative to the index. over time it's traded 1.2 times the s&p 500. it's trading at one times the s&p 500 now. you can't make that argument broadly across the defensive sectors. utilities looks expensive, but as long as the ten-year treasury bond remains range-bound or rally as it has over the last several weeks, utilities look relatively attractive. >> do you see room for capital gains here? or is this just about collecting the dividend? because if earnings aren't going to grow, i doubt we can squeeze much more in terms of multiple, right? >> right. for the utilities sector specifically, it's more about dividend. limited growth earnings for utilities, but there is positive earnings growth for consumer staples and for health care, which looks incredibly attractive in a market that has very limited earnings growth prospects. we have a market expectation for just 2% eps growth this year.

staples probably will produce 5% eps growth and health care somewhere around there as well. so there's a compelling earnings case for part of the story, it's not the broad story, but relative to a lot of the other sectors in the market, these sectors are producing earnings growth. and that's worth paying more. >> hey, it's mike murphy, you have a target for the end of the year, what happens over the summer or after a little bit of a pullback to make you say, maybe i need to bring this target up? maybe we can close near our highs, is there anything out there you see a bullish case for? >> the biggest thing is international economic growth. the biggest drag on our expectations right now is coming from materials, energy, technology, industrials, the international sensitive sectors of the index, where our earnings models continue to point toward less and less earnings growth contrary to expectations. so, one of two things can happen, either the analysts can dramatically reduce their expectations for earnings growth going into the second half making it more likely that earnings reality could beat those expectations.

that could create a relatively attractive environment, or we actually see a pickup in international growth conditions. china starts to reaccelerate. europe finally drags themselves out of the doldrums. the commodity complex turns around. there are a lot of things that could happen. >> gina, thank you so much. >> sure, thank you very much for having me. >> i'm chasing some of these names for dividend yield, especially if you are looking for the market to correct 10%. i wouldn't be in there for the 3%, 4%, 5% waiting for a pullback. >> 5%? you can't get nothing in a bank or a treasury? 5% is great! >> if you truthfully believe there's a correction and don't have to be fully invested, don't be fully invested. i'll tell you something, look at the multiple ossen the industrials and materials. i'm not saying to buy these, the charts look like debt spirals, but that's more defensive. >> high on yield, though. >> that's the big data download. and the big data download, the

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headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron. coming up at the top of the hour on "power lunch," background checks for guns fails in congress. and google and microsoft and ibm are all down ahead of their earnings today. how low can tech go? and the power house today, we are in philly. find out how much your home can buy in the city of brotherly love. now back to "the "fast money" halftime report." >> it's a mouth full. i struggle, too. medical device intuitive surgical makes the da vinci robot call device, the only robot approved for medical device today. there's controversial surrounding the device. herb greenberg is joining us

with more. >> intuitive surgical has seen tremendous growth as the da vinci robot is used more and more. general surgeries today, it's cutting edge technology that has been a draw for not only hospitals and surgeons, but patients, too. take a look. 13 years ago a revolution hit the medical field. >> it's the first time in the history of surgery where we actually put a computer between the surgeon and the patient. >> reporter: a surgical robot called da vinci promised to fundamentally change surgery. looking like something straight out of a sci-fi movie, the robot's arms are placed in the patient and controlled by a surgery at a computer console usually a few feet away. >> that's the fallopian tube right there. >> reporter: marketed as the newest approach to minimally invasive surgery, da vinci promised shorter hospital stays, quicker recovery times and lower health care costs. doctors liked it, too.

after all, it was supposed to be the surgery of the future. intuitive's profits skyrocketed with average annual sales growth of 41% in the last decade, sending the stock soaring to nearly $600 at its peak and giving the company a total market value of more than $23 billion. but as the company's profits took off, criticism about its aggressive marketing approach and problems in the operating room took hold. we found lawsuits popping up across the country alleging serious injury and even death. >> one lawsuit being watched closely started this week in washington state. the company does not comment on active limitation but says the da vinci is safe and effective when used in accord dance with their instructions. for more on this, see the da vinci debate exclusively starting later today. >> i love that web content, awesome.

looking forward to it, herb. dr. j. >> you know the people at da vinci will be watching. >> and competitors. it has a 25% range over the last year, the stock normally makes just horrificicly big moves on earnings announcements. people are pretty tight-lipped on their numbers near the $4 level. if we come in tight, in other words, if we come in right around there, i think they sell it. i think it could go back down and test that $450. if, on the other hand, they do as they have many times done, outperformed, report like a $440 number, then i think the stock just runs the opposite direction to the upside. >> that one-year chart showed tremendous volatility. >> that's what you get with this stock. >> i'll be watching later on the web. by some accounts exchange-traded funds make up 30% of trading each day. on "halftime" we follow the money and bring you the hottest etf trades in a segment we call fast funds. mike murphy, what are you trading? >> we are trading rem, the etf

to cover the mortgage sector. the current yield right now is roughly 11.5%. so you look and you say, the s&p was up 10% for the first quarter, we are willing to go out on a limb to say we don't see 10% of growth every single quarter for the year. at some point you have a pullback. in that pullback we want the 11.5% dividend yield that rem affords us. now, rather than just owning one of the mortgage rates, this is a basket of mortgage rates made up by about 15 different mortgage rates in the space. the one concern, this isn't for your entire portfolio. one of the main reasons being the top two holdings are annaly and amc. collecting the 11.5% yield, i think it's a great return and value for the investment. coming up, we'll check what it means for your money in

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>> chipotle reports earnings after theclose. both made big bearish bets against the stock. one of our traders sees the recent dip as a buying opportunity. what should you do?

>> the bull case is i think sales will be strong, especially with expanding into new areas. input costs are down. 22%, that's how much the stock is down. it's got about a 12% short interest. >> so the stock is trading at 28 times forward estimates and you will get that low single digit comp number. margins are actually not improving. they're going to decelerate because of package cost, food cost, labor costs, etc. i think that the guidance may have to come down. at that point maybe you want to buy it. >> mike? who won? >> i'm going to go with dr. jay. this quarter might be a little weak, but they get into higher margin businesses.

>> and now the biggest pops and drops in midday trading. what do you think? >> i think the stock is interesting. if you look at a commercial mlr, it was down. >> michael jackson and this is the other michael jackson put up some great numbers. the stock reacting to that. >> a pop in peabody energy. >> the guidance was a lot better than people had anticipated. the stocks up almost 10% now. when these things bottom we all know you will see a big snap back.

they did sell a nice number of the lumia phone. that was not enough, because they had much, much lower sales of all other phones. i think this is the worst revenue quarter ever. >> so not enough of an offset? final trades up next on the halftime report. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above.

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it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >> not so fast. our traders are quick. they're not always right. take a listen. >> i mentioned earlier, energy is the the way i want to play this is through explorers and producers. i like it a lot here. >> shares are down about 8% since that call. what do you do?

you are speechless. you're never speechless. everything i said is still in tact. the market doesn't care what i think. let's talk about what the case is for this thing going forward. had a decent first quarter. and quite frankly we have been buying it. >> there is a lot of here's the thing almost every stock could get bored out. i'd buy it. >> final trades. stephanie. >> i like jp morgan. >> slim shady. >> bank of america the sell off is